ETF Rally Gains Steam With $865 Million Inflow Surge for Bitcoin and Ether
Main Idea
Bitcoin and Ether ETFs saw significant inflows totaling $865 million last week, with institutional demand driving strong performance and record-breaking figures.
Key Points
1. Bitcoin ETFs recorded $403.88 million in inflows, marking their third consecutive positive session, with Blackrock’s IBIT leading at $359.98 million.
2. Ether ETFs outperformed Bitcoin ETFs with $461.21 million in inflows, their fourth straight day of gains, led by Blackrock’s ETHA at $254.73 million.
3. No outflows were recorded for either Bitcoin or Ether ETFs, with trading volumes reaching $2.61 billion and $2.44 billion respectively.
4. Net assets for Bitcoin ETFs held steady at $150.70 billion, while Ether ETFs climbed to a record $23.38 billion.
5. The strong performance signals bullish momentum for the crypto ETF market in the coming week.
Description
Bitcoin and Ether exchange-traded funds (ETFs) closed last week in roaring form, attracting a combined $865 million in fresh capital. Bitcoin notched its third consecutive inflow day, while ether extended its winning streak to four. Institutional Demand Soars As BTC ETFs Pull $404 Million, ETH ETFs Hit $461 Million The past week ended with fireworks
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